(RTTNews) – Applied Materials Inc. (AMAT) released earnings for its fourth quarter that Increased from last year and beat the Street estimates.
The company’s earnings totaled $1.89 billion, or $2.38 per share. This compares with $1.73 billion, or $2.09 per share, last year.
Excluding items, Applied Materials Inc. reported adjusted earnings of $1.73 billion or $2.17 per share for the period.
Analysts on average had expected the company to earn $2.1 per share. Analysts’ estimates typically exclude special items.
The company’s revenue for the period fell 3.4% to $6.80 billion from $7.04 billion last year.
Applied Materials Inc. earnings at a glance (GAAP) :
-Earnings: $1.89 Bln. vs. $1.73 Bln. last year.
-EPS: $2.38 vs. $2.09 last year.
-Revenue: $6.80 Bln vs. $7.04 Bln last year.
-Guidance:
Next quarter EPS guidance: $2.18 +/- $0.20
Next quarter revenue guidance: $6,850 +/- $500 Mln
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